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Crypto

Bitcoin Spot ETFs See Net Outflow as Ethereum Sees Surge

Guavy AI Editorial Team
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BTC ETH
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Yesterday saw contrasting trends in US spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, according to data from Farside Investors. For Bitcoin, the total net outflow was $11.6 million, with BlackRock's IBIT ETF experiencing a significant $8.8 million net outflow and Fidelity's FBTC ETF seeing a $2.8 million net outflow. All other Bitcoin ETFs reported zero capital flows.

In contrast, Ethereum spot ETFs saw a total net inflow of $11.7 million, with BlackRock's ETHA ETF contributing the entire amount due to its single-day net inflow of $11.7 million. The other Ethereum ETFs did not experience any notable capital movements.

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